China’s coronavirus-induced economic slowdown forces local governments to slash spending

Several local governments in China have recently revised down their revenue targets for the year, citing the country’s property market slump, tumbling tax takes and Covid-19 disruptions as key reasons.

Share this:

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

Written by Headlines

Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

Republicans’ Never Again Trumpers campaign gains steam after US midterms debacle

What will Taiwan’s local elections mean for Tsai Ing-wen’s party and rival KMT?